Royal Gold, Inc. (NASDAQ:RGLD) is expected to report first quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.86 per share from revenue of $ 148.91 million.
Looking ahead, the full year income are expected at $ 3.69 per share on the revenues of $ 580.02 million.
Previous Quarter Performance
Royal Gold, Inc. unveiled income for the fourth quarter of $ 0.53 per share, from the revenue of $ 119.97 million. Street analysts expected Royal Gold, Inc. to report income of $ 0.51 per share on revenue of $ 117.49 million for the fourth quarter. The bottom line results beat street analysts by $ 0.02 or 3.92 percent, at the same time, top line results outshined analysts by $ 2.48 million or 2.11 percent.
Stock Performance
Shares of Royal Gold, Inc. traded up $ 0.23 or 0.19 percent on Tuesday, reaching $ 121.69 with volume of 228.00 thousand shares. Royal Gold, Inc. has traded high as $ 123.13 and has cracked $ 121.29 on the downward trend
According to the previous trading day, closing price of $ 121.69, representing a 103.18 % increase from the 52 week low of $ 59.78 and a 17.73 % decrease over the 52 week high of $ 147.64.
The company has a market capital of $ 7.98 billion and is part of the Basic Materials sector and Gold industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Bank of America at Underperform rating, with $ 121.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 4Q20 dividend of $ 0.28 per share on August 19, 2020. The dividend were payable on October 16, 2020 to holders of record as of the close of business on October 2, 2020 and ex-dividend date on October 1, 2020.
Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum. As of August 1, 2018, the company owned interests in 191 properties on 6 continents, including interests on 40 producing mines and 18 development stage projects.
